Home Business NewsUK retail sales slide in September

UK retail sales slide in September

by LLB Reporter
18th Oct 18 2:59 pm

According to the latest data, retail sales fell by 0.8 per cent in September after a slide in demand at food stores.

ONS head of retail sales Rhian Murphy added: โ€œRetail continued to grow in the three months to September with jewellery shops and online stores seeing particularly strong sales. This was despite a stark slowdown in food sales in September, following a bumper summer.โ€

A VoucherCodes.co.uk spokesperson further commented: โ€œRetailers enjoyed a glorious summer as consumers flocked to the high street to prepare for BBQs, parties and to ensure they were fully stocked for the World Cup โ€“ after this, a September slowdown in food sales was expected but it has been more severe than anticipated.

โ€œDespite a small drop in online sales from August, online continues to outperform the high street. With changing consumer habits continuing to drive footfall away from physical stores, itโ€™s vital that supermarkets and retailers cater to this shift by providing a coherent ecommerce offering, a user-friendly customer experience and, most importantly, great value.

โ€œWithout substantial investment in the latest technologies such as geo-fencing and AI, high street businesses will struggle to compete in the current retail landscape. Our latest report reveals this is a fact not lost on UK retailers – 43% have made investments in geo-fencing over the past 12 months and 47% are prioritizing investment in tech over the next year.โ€

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